7 Best Crypto Exchanges in Greece for Buying Bitcoin (2024)

Discover the top 7 trusted cryptocurrency exchanges for securely buying and trading Bitcoin (BTC), Ethereum (ETH), and other popular digital assets in Greece, with expert insights on fees, features, regulation, and using Bсash's local Bitcoin ATMs.

What You'll Learn in This Guide

Hey there, crypto enthusiasts in Greece! Alex here, your friendly neighborhood crypto market analyst. If you're looking to dive into the exciting world of Bitcoin and other digital currencies, you're in the right place. 

In this comprehensive guide, we'll explore everything you need to know about buying crypto in Greece. We'll cover:

• The key factors you should consider when choosing a crypto exchange that's right for you
• My top 7 picks for the best Greek exchanges to buy Bitcoin and other popular coins
• Tips for buying crypto safely and avoiding scams that could cost you your hard-earned money  
• Important things to know about crypto taxes and regulations here in Greece
• How to easily deposit and withdraw euros on Greek crypto platforms

As a crypto market analyst who's been tracking the space for years, I know how confusing it can be to get started with Bitcoin, especially in a place like Greece that's still warming up to crypto. There are so many exchanges out there, each with their own strengths and quirks. It's crucial to choose one that's secure, legally compliant, and offers competitive fees.

Whether you're an experienced trader looking to expand your portfolio or a complete beginner making your first Bitcoin purchase, this guide will equip you with the knowledge you need to navigate the Greek crypto landscape with confidence. 

We'll get into the nitty-gritty of the best exchanges shortly, but first, I want to give a quick shoutout to Bcash, an awesome Greek company that's making it super easy to buy and sell Bitcoin. They've got a network of user-friendly crypto ATMs where you can purchase BTC with cash, including a convenient location in Athens at Dimitrakopoulou 84. Definitely check them out if you're looking for a simple and secure way to acquire your first Bitcoin.

Alright, now that you know what to expect, let's dive into the key factors you should weigh when picking the perfect exchange. I'm excited to share my insights with you and help you start your crypto journey on the right foot. Trust me, by the time we're through, you'll be ready to trade like a pro (or at least sound like one to your friends). Let's go!

The Crypto Exchange Landscape in Greece

Before we jump into my top exchange picks, let's take a step back and look at the lay of the land for crypto in Greece. 

Greece has had a bit of a rollercoaster ride when it comes to Bitcoin and other digital assets. Back in the early days of crypto, Greeks were among the most enthusiastic adopters in Europe. When the financial crisis hit and faith in traditional banks wavered, many turned to Bitcoin as an alternative way to store and transfer value.

However, the road since then hasn't always been smooth. The Greek government and regulators have gone back and forth on their stance towards crypto. As of now, Bitcoin and other cryptocurrencies aren't considered legal tender, but it's generally accepted that individuals can buy, sell, and hold crypto as a personal investment.

One key development came in 2021, when the Hellenic Capital Market Commission (HCMC) established a registry for crypto asset service providers. Exchanges operating in Greece are now required to register with the HCMC and comply with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations. This was a big step towards bringing crypto into the mainstream financial system.

Now, when it comes to where Greeks are actually buying and selling crypto, there are two main types of exchanges: centralized (CEX) and decentralized (DEX). 

Centralized exchanges like Coinbase and Binance are the most popular and beginner-friendly option. They're called "centralized" because there's a single company that controls the platform, holds users' funds, and facilitates trades. CEXs often have user-friendly interfaces, accept euro deposits, and offer customer support. The downside is that you have to trust the exchange to keep your crypto safe.

Decentralized exchanges, on the other hand, operate on blockchain networks and allow users to trade directly with each other without a central authority. DEXs like Uniswap and Sushiswap offer more anonymity and often have lower fees, but they can be trickier to use and typically only support crypto-to-crypto trades.

In Greece, centralized exchanges still dominate the market, but there's growing interest in DEXs among more tech-savvy users. Some popular Greek-founded CEXs are like Bitfortip, but many users also rely on major global exchanges like the ones we'll discuss shortly.

One thing to keep in mind is that while crypto adoption is growing in Greece, it's still a relatively small market compared to other European countries. This means that local exchanges may have lower trading volumes and liquidity compared to bigger international platforms.

Alright, now that we've covered the basics of the Greek crypto scene, you're ready to start evaluating exchanges. In the next section, we'll dive into my top 7 picks and what makes each one stands out. Whether you're a CEX loyalist or a DEX adventurer, there's an option on this list for you. Stay tuned!

Choosing the Best Crypto Exchange for Your Needs

When it comes to buying Bitcoin in Greece, you have a few different options. While global exchanges like Coinbase and Binance are popular choices, they may not always be the best fit for every investor.

Before you dive in and sign up for an account, it's important to consider a few key factors that can make or break your crypto trading experience:

1. Security: Above all else, you want to choose an exchange that takes security seriously. Look for platforms that use industry-standard practices like cold storage, two-factor authentication, and regular security audits. Bonus points if they have insurance to protect user funds.

2. Supported coins: If you're only interested in buying Bitcoin, most exchanges will have you covered. But if you want to diversify your portfolio with altcoins, make sure the exchange offers a wide selection.

3. Payment methods: How do you plan to fund your account? Many exchanges accept bank transfers and credit/debit card payments, but some may have limited options or higher fees for certain methods.

4. Fees: Speaking of fees, this is one area where exchanges can vary widely. Some charge flat transaction fees, while others use a maker/taker model based on your trading volume. Don't forget to factor in deposit and withdrawal fees as well.

5. User experience: Especially if you're new to crypto, you'll want an exchange with a user-friendly interface and helpful educational resources. Look for platforms with good customer support and a track record of reliability.

While big-name exchanges may check some of these boxes, they often come with trade-offs like higher fees, slower customer support, and a more impersonal experience.

That's where local options like Bcash come in. As Greece's premier cryptocurrency exchange and ATM network, Bcash offers a unique set of advantages for Greek investors:

- Cash purchases: With Bcash, you can buy Bitcoin and other cryptocurrencies with cash at one of our many ATM locations across Greece. No need to link a bank account or wait for lengthy verification processes.

- Competitive fees: We believe in making crypto accessible to everyone, which is why we offer some of the lowest fees in the industry. Our ATMs charge a transparent commission, with no hidden costs or spreads.

- Local support: When you use Bcash, you're not just a number in a database. We're a Greek company with deep roots in the local crypto community. Our team is always ready to answer questions and provide personalized support in your language.

- Top-notch security: We take the safety of your funds seriously. Bcash uses state-of-the-art security measures like biometric authentication and encrypted cold storage to protect the assets.

But don't just take our word for it. Here's what one satisfied customer had to say about their experience with Bcash:

"As a crypto newbie, I was intimidated by the idea of buying my first Bitcoin. But the Bcash ATM made it so easy - I just walked up, scanned my wallet QR code, inserted some cash, and boom! Bitcoin in my wallet within minutes. The whole process was quick, painless, and the fees were totally reasonable. I'll definitely be using Bcash again in the future."

- Dimitris P., Athens

Of course, we recognize that Bcash may not be the right fit for everyone. If you're a high-volume trader or need access to more obscure altcoins, a global exchange may better suit your needs.

But for the average Greek investor looking to dip their toes into the world of crypto, Bcash offers a convenient, secure, and locally-focused option that's hard to beat.

Ready to experience the Bcash difference for yourself? Head to our website to find your nearest ATM location and start your crypto journey today. Trust us - you won't be disappointed.

How to Buy Bitcoin at a Bcash ATM in Greece

While online exchanges are the most popular way to buy Bitcoin, they're not the only option. If you prefer to deal in cash or value your privacy, a Bitcoin ATM (or BTM) might be the way to go. And if you're in Greece, you're in luck - Bcash operates a network of user-friendly BTMs that make buying crypto a breeze.

So, how exactly do you use a Bcash ATM? Let's break it down:

Steps to purchase BTC at a Greek Bcash ATM:

1. Locate a Bcash ATM near you (more on that in a bit).
2. Create a new Bitcoin wallet or have your existing wallet address ready. The ATM will ask you to scan your wallet QR code to send your purchased BTC.
3. Select "Buy Bitcoin" on the ATM screen.
4. Insert your cash into the machine. Bcash ATMs accept euro bills.
5. Scan your wallet QR code when prompted.
6. Confirm the transaction details and hit "Send."
7. Wait a few moments for the transaction to process, and voila! The Bitcoin will appear in your wallet.

Pretty simple, right? But why would you use a BTM instead of an online exchange? Here are a few key benefits:

Benefits of using a Bitcoin ATM vs online exchange:

1. Speed: Buying Bitcoin at a BTM is incredibly fast. The whole process usually takes less than five minutes, compared to the hours or days it can take to sign up for an exchange and get verified.
2. Convenience: If you already have cash on hand, using a BTM can be more convenient than going through the hassle of linking a bank account or credit card to an online exchange.
3. Accessibility: Not everyone has access to traditional banking services. Bitcoin ATMs provide an easy on-ramp to the world of crypto for the unbanked and underbanked.

Now, you might be wondering where you can find a Bcash ATM in Greece. The good news is, they have locations all over the country! Here are a few key spots:

Bcash ATM locations in Greece (Highlight Bitcoin-6 ATM):

1. Athens: Bcash has several ATMs in the capital city, including the convenient Bitcoin-6 location at Dimitrakopoulou 84 Bcash Shop in the trendy Koukaki neighborhood. This spot is open Monday-Saturday with extended hours, so you can buy crypto on your own schedule.
2. Thessaloniki: Greece's second-largest city also has a few Bcash ATMs, including one at the popular Mediterranean Cosmos shopping mall.
3. Crete: If you're visiting this stunning island, you can find Bcash ATMs in Heraklion and Chania.
4. Mykonos: Even on this glamorous party island, you're never far from a Bcash ATM. They have a machine conveniently located in the heart of Mykonos Town.

Of course, these are just a few examples - you can find the full list of Bcash ATM locations on their website.

One final thing to note: while Bcash ATMs are incredibly convenient, they do have some limitations when it comes to supported coins and transaction sizes.

Supported coins and limits:

1. Coins: Bcash ATMs currently support buying Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dash. You can check the specific coins available at each ATM on their website.
2. Limits: The minimum purchase amount at a Bcash ATM is usually around 50 euros, while the maximum can vary depending on the machine and your verification level. For larger transactions, you may need to contact Bcash directly.

So, there you have it - everything you need to know about buying Bitcoin at a Bcash ATM in Greece. Whether you're a local looking for a quick and easy way to invest in crypto or a traveler seeking to convert some excess euros to Bitcoin, Bcash has you covered. 

Just remember, while Bitcoin ATMs are incredibly convenient, they should be used as part of a broader investment strategy. Make sure to do your own research, diversify your holdings, and never invest more than you can afford to lose.

And if you do find yourself in front of a Bcash ATM, take a moment to appreciate the fact that you're participating in a groundbreaking financial revolution. With every Bitcoin purchase, you're helping to build a more decentralized, transparent, and equitable economic system - one transaction at a time.

Happy buying, and as always, stay cryptic!

Crypto Taxes in Greece

Now, I know taxes aren't the most exciting topic, but they're a crucial consideration for any crypto investor in Greece. The last thing you want is to get on the wrong side of the tax authorities because you didn't understand your obligations. So, let's break down what you need to know.

Greek tax treatment of crypto gains/losses

As of now, there's no specific legislation in Greece that deals with the taxation of cryptocurrencies. However, that doesn't mean your crypto gains are tax-free. The general consensus is that profits from the sale of cryptocurrencies are subject to capital gains tax, which is a flat rate of 15% for individuals.

Here's how it works: if you buy a Bitcoin for 10,000 euros and later sell it for 15,000 euros, you'll owe capital gains tax on the 5,000-euro profit. It's important to note that this applies to each individual transaction, not just your overall gains for the year.

Reporting requirements for crypto

So, how do you actually report your crypto gains to the Greek tax authorities? As of now, there's no specific guidance on this. However, it's generally recommended to keep detailed records of all your crypto transactions, including the date, the amount, and the purpose of each transaction.

If you're using a Greek crypto exchange, they may provide you with a transaction history that you can use for tax purposes. However, if you're using an international exchange, you may need to generate your own reports.

It's also a good idea to consult with a tax professional who has experience with crypto. They can help you navigate the complex world of crypto taxes and ensure you're staying compliant.

Potential future changes to Greek crypto tax

It's worth noting that the Greek government has expressed interest in clarifying the tax treatment of cryptocurrencies. In 2020, the Ministry of Finance announced plans to introduce a new framework for the taxation of crypto assets, but the details have yet to be released.

It's possible that in the future, Greece may introduce more specific guidelines for reporting crypto gains and losses, or even change the tax rate. As a crypto investor, it's important to stay up-to-date on any changes to the tax code that could affect you.

The bottom line? While the tax situation for crypto in Greece is still a bit murky, it's crucial to be proactive about tracking your transactions and reporting your gains. By staying compliant and working with a knowledgeable tax professional, you can enjoy the benefits of crypto investing without the stress of a surprise tax bill.

Tips for Choosing the Best Crypto Exchange in Greece

With so many crypto exchanges to choose from, how do you know which one is right for you? Here are a few key factors to consider when making your decision.

Comparing fees, coin selection, payment methods

One of the first things to look at when choosing an exchange is the fees they charge. Some exchanges, like Binance, are known for their low trading fees, while others may charge higher fees but offer other benefits like a wider selection of coins or more payment options.

Speaking of coin selection, it's important to make sure the exchange you choose offers the cryptocurrencies you're interested in buying. While most exchanges will offer popular coins like Bitcoin and Ethereum, some may have a more limited selection of altcoins.

Payment methods are another key consideration. If you want to buy crypto with a credit card or bank transfer, make sure the exchange you choose offers that option. Some exchanges may also have faster processing times or lower fees for certain payment methods.

Importance of using a regulated & secure platform

When it comes to crypto, security is paramount. You want to make sure you're using an exchange that takes security seriously and has a good track record of protecting user funds.

One way to gauge an exchange's security is to look at whether they're regulated. In Greece, exchanges that operate in the country are required to register with the Hellenic Capital Market Commission and comply with anti-money laundering (AML) and know-your-customer (KYC) regulations.

While regulation doesn't guarantee an exchange is secure, it does provide some level of oversight and accountability. Regulated exchanges are also more likely to have robust security measures in place, like cold storage for user funds and two-factor authentication.

Role of user reviews and exchange reputation

Finally, don't underestimate the power of user reviews and exchange reputation when making your decision. Take some time to read reviews from other Greek crypto investors on forums and social media. See what they have to say about their experience with different exchanges.

Look for patterns in the reviews. Are there certain exchanges that come up again and again for their good customer service or easy-to-use interface? On the flip side, are there exchanges that seem to have a lot of complaints about hidden fees or slow withdrawal times?

You can also check out an exchange's reputation in the broader crypto community. Have they been around for a while and built up a good track record, or are they a newer player with less of an established reputation?

Remember, choosing an exchange is a personal decision based on your individual needs and preferences. What works for one investor may not work for another. The key is to do your research, compare your options, and choose an exchange that you feel comfortable with and that meets your specific requirements.

And if you're ever unsure or have questions, don't hesitate to reach out to the exchange's customer support. A good exchange will have a responsive and helpful support team that can guide you through the process and address any concerns you may have.

At the end of the day, the most important thing is to take your time, trust your gut, and choose an exchange that you feel confident will keep your funds safe and help you achieve your crypto investing goals. And remember, you can always start small and test out an exchange with a modest investment before committing to a larger sum.

Happy trading, and may your crypto journey be filled with green candles and profitable trades!

FAQs on Buying Bitcoin in Greece

Before we wrap up, let's address some of the most common questions I hear from Greek investors about buying Bitcoin. If you've still got lingering doubts or concerns, hopefully these answers will clear things up.

Is Bitcoin legal in Greece?

The short answer is yes, Bitcoin is legal in Greece. There's no law prohibiting the buying, selling, or holding of cryptocurrencies in the country. However, it's important to note that Bitcoin is not considered legal tender in Greece, meaning businesses are not obligated to accept it as payment.

What's the best Greek crypto exchange for beginners?

If you're new to the world of crypto, I recommend starting with a user-friendly exchange like Coinbase or BitPanda. These platforms have intuitive interfaces, educational resources, and good customer support to help you get started. Once you've got your bearings, you can always branch out to more advanced exchanges like Kraken or Binance.

Can I buy Bitcoin anonymously in Greece?

While Bitcoin transactions are pseudonymous (meaning they're not directly tied to your real-world identity), most Greek crypto exchanges require some form of identity verification to comply with anti-money laundering regulations. However, if you value your privacy, you can always use a peer-to-peer exchange or a Bitcoin ATM like those offered by Bcash. Just keep in mind that these methods may come with higher fees or lower limits.

Are crypto profits taxed in Greece?

Yes, profits from the sale of cryptocurrencies are subject to capital gains tax in Greece. As of 2024, the rate is a flat 15% for individuals. It's important to keep good records of your transactions and report your gains to the tax authorities to avoid any legal issues down the line.

Can I buy crypto with euros in Greece?

Absolutely! Most Greek crypto exchanges accept euro deposits via bank transfer, credit/debit card, or other payment methods like PayPal or Skrill. Some exchanges may also allow you to trade directly between euros and cryptocurrencies like Bitcoin or Ethereum. Just be aware that some payment methods may come with higher fees or longer processing times.

Start Investing in Crypto Responsibly

Congratulations, you've made it to the end of our comprehensive guide to buying Bitcoin in Greece! By now, you should have a solid understanding of the Greek crypto landscape, the best exchanges to use, and how to navigate the tax and legal considerations.

But before you dive in and start investing your hard-earned euros, I want to leave you with a few words of wisdom.

First and foremost, always remember that investing in crypto carries risks. The market can be highly volatile, and prices can fluctuate wildly in a matter of hours or even minutes. Never invest more than you can afford to lose, and be prepared for the possibility of significant losses.

That being said, crypto also offers incredible opportunities for growth and innovation. By investing responsibly and taking a long-term approach, you can be part of a financial revolution that has the potential to change the world.

As you embark on your crypto journey, here are a few tips to keep in mind:

1. Start small and diversify your portfolio. Don't put all your eggs in one basket, and don't feel like you need to go all-in on Bitcoin right away. Consider investing in a range of cryptocurrencies and other assets to spread your risk.
2. Do your own research. Don't just take my word (or anyone else's) as gospel. Take the time to educate yourself about the technologies and projects you're investing in. Read whitepapers, follow industry news, and join online communities to stay informed.
3. Use secure storage. Don't keep all your crypto on an exchange, where it's vulnerable to hacks or other security breaches. Instead, consider using a hardware wallet or other secure storage method to keep your funds safe.
4. Stay vigilant against scams. The crypto world is unfortunately rife with scammers looking to take advantage of unsuspecting investors. Be wary of promises of guaranteed returns, unsolicited offers, and high-pressure sales tactics.
5. Have patience. Building wealth through crypto is a marathon, not a sprint. Don't get discouraged by short-term market fluctuations or setbacks. Stay focused on your long-term goals and trust the process.

Remember, investing in crypto is a personal decision that should be based on your individual financial situation, risk tolerance, and goals. What's right for one person may not be right for another.

If you're feeling overwhelmed or unsure where to start, consider seeking out the advice of a qualified financial professional who has experience with crypto. They can help you develop a personalized investment strategy and navigate the complex world of digital assets.

And of course, don't forget about the power of community. The Greek crypto scene is full of passionate and knowledgeable individuals who are eager to help newcomers. Don't be afraid to reach out, ask questions, and learn from those who have been in the trenches.

Whether you're a seasoned investor or just taking your first steps into the world of Bitcoin, I wish you the best of luck on your journey. May your trades be profitable, your holdings secure, and your crypto dreams come true.

And if you're ever in Athens and in need of a quick Bitcoin fix, remember to swing by the Bcash Bitcoin ATM at Dimitrakopoulou 84. Tell them Alex sent you – you might just score a discount (no promises though!).

Until next time, happy hodling!